Change In Ratings
Fulton Financial(FULT Quote) upgraded at KBW to market perform from underperform with $9 price target. While the company is expected to produce relatively weak second quarter results because of credit costs and margin pressure, much of this news is already locked into current valuation.
Marsh and McLennan(MMC Quote)upgraded at Citigroup to buy from hold at a $33 price target. The company has been upgraded due to margin expansion, positive macro-trends and new management. Also, there is the potential MMC will surprise the Street with a formal restructuring program, M&A or large share repurchase, enhanced EPS and cash flow and potential asset sales.
Bankrate(RATE Quote) upgraded at RBC to outperform rating from sector perform. However, the price target lowered to $36 from $53 and the fiscal 2008 revenue cut to $188.3 million from $203 million. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
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